what was the math section structure in rbi gr.b 2013? more quant.aptitude r data interpret.?? any1 plz,,
RBI might be change the exam dates due to Rakshabandhan on 10th of August..So there are the chances of prepone or postpone of the exam dates...Got the information from reliable source..
RBI Exam will be tough this time.
Is it clear that how many questions will be from each section in the Phase- 1 exam? Number of Qs going to be equal from GK, English, Quant, Reasoning?? Please reply if anyone has this info.
any study material who has undergone training ? It can be really helpful to all
puys any idea about rbi grade b exam date
hiiii all...I am uploading RBI training material here
Did anyone find the link for downloading the Admit Card. Many websites said the link in live from 19/07/14 but i'm not finding the link in RBI's website
http://www.getadmitcard.in/rbi-admit-card-officers-www-rbi-org/133/
posting the files send by Rohit
1.Which among the following is a correct feature of a perpetual bond?
[A]Perpetual Bonds have no fixed interest rates [B]Perpetual Bonds have no fixed maturity [C]Perpetual Bonds have no fixed underlying assets [D]Perpetual Bonds don't exist in India
2. Which among the following would most likely follow if the Reserve Bank of India effects selling of the securities?
[A]The cash resources at the disposal of the commercial banks increase. [B]The cash resources at the disposal of the commercial banks get diminished. [C]The cash resources of the commercial banks remain unchanged. [D]None of the above. 3. Consider the following: 1. Commercial Banks 2. Central Bank of India 3. Government Which among the above can create money?
[A]Only 1 [B]Only 1 & 2 [C]Only 3 [D] All 4. Consider the following: 1. Change in the Reserve Requirements 2. Taxation 3. Government Spending
Which among the above terms are closest to the Fiscal policy ? [A]Only 1 & 2 [B]Only 2 & 3 [C]Only 1 [D]Only 1 & 3 5. Which among the following is a correct definition of Fiduciary Issue of notes?
[A]The issue of currency notes without metallic backing. [B]The issue of currency notes with metallic backing. [C]The issue of currency notes with partial metallic backing. [D]The issue of currency notes with proportional metallic backing. 6. Which among the following countries is currently the biggest supplier of crude oil to India?
[A]Iran [B] Saudi Arabia [C]UAE [D]Nigeria 7. With which among the following countries, India is having an oil payment row?
[A]Bahrain [B]Egypt [C]Iran [D]Iraq
8. The goods which are collectively consumed by the community are called which kind of goods?
[A]Public Goods [B]Consumer Goods [C]Non-durable Goods [D]Durable Goods 9.. In which five year plan self reliance as an object of planning was emphasized?
[A]First Five Year Plan [B]Second Five Year Plan [C]Third Five Year Plan [D]Fourth Five Year Plan 10. The portion of total deposits of a commercial bank which it has to keep with itself in the form of liquid assets is called ___ ?
[A]Statutory Liquidity Ratio [B]Cash Reserve Ration [C]Statutory Reserve Ratio [D]Cash Ratio 11. Which among the following bodies estimates the national income of India?
[A]Office of the Economic Advisor [B]Ministry of Statistics [C]Central Statistical Office [D]Ministry of Finance 12. In which among the following regions, RBI first operationalized the Cheque Truncation System?
[A]Delhi NCR [B]Mumbai-Navi Mumbai [C]Hyderabad-Secundarabad [D]Bangalore-Mysore
13. Consider the following:
1. Foreign Exchange
2. Gold
3. SDRs
4. IMF Reserve Position
The RBI Counts Which among the above in “Foreign Exchange Reserves”
A] 1 [B] 1 & 2 [C] 1, 2, 3 [D] All
14. Consider the Following :
1. International Bank for Reconstruction & Development (IBRD)
2. International Development Authority (IDA)
3. International Finance Corporation (IFC)
4. Multilateral Investment Guarantee Agency(MIGA)
5. International Centre for Settlement of Investment Disputes (ICSID)
Which among the above constitute the World Bank Group?
A] 1 2 [B] 1 2 3 [C] 1 2 3 4 [D] 1 2 3 4 5
15. Where are the HQ of United Nations Conference on Trade and Development (UNCTAD) ?
1. Geneva
2. Paris
3. Frankfurt
4. London
16. Ad Valorem Tax is levied on the basis of which among the following?
A]Volume
[B] Value [C] Production [D] Export
17. A systemic record of all economic transactions completed between residents of a country and the rest of the world in a year is known as.. ?
[A] Net Capital Flow [B] Balance of Payment [C] Balance of Trade [D ] Absolute Flow
18. Consider the Following:
1. VAT paid during purchase of a tyre tube for a vehicle
2. Service tax paid while making payments of dinner in a restaurant
3. Duty paid while importing a machinery from abroad
Which among the above are “direct taxes” ?
[A] Only 1 [B] 1 & 2 [C] 1, 2 & 3 [D ] None
19. Birth rate is number of birth per ……….of the population during one year.
[A] 100 [B] 1000 [C] 10000 [D ] 100000
20. Capitalism is based upon “Laissez-faire System”. What is that?
[A] No government intervention [B] maximum government intervention [C] Role of market forces is minimum [D ] Limited government intervention
21. Those goods which have positive relationship between price and quantity demanded are called as …….?
[A] Veblen goods [B] Essential Goods [C] Giffen Goods [D ] Capital Goods
22. “Bad money (if not limited in quantity) drives good money out of circulation”
The above statement is from which among the following laws?
[A] Keynes' Law [B] Wagner's Law [C] Gresham's Law [D ] Grimm's law
23. Which among the following is a suitable term for the state of economy in which economic activity is slowing down but wages and prices continue to rise?
[A] Inflation [B] Deflation [C] Skewlation [D ] Stagflation
24. Agriculture , irrigation and power projects were given highest priority in which among the following plans?
[A] First Five Year Plan
[B] Second --- [C] Third ----- [D ] Fourth -----
25. Which among the following is the oldest insurance company of India?
[A] Oriental Life Insurance Company [B] LIC of India [C] General Assurance Co of India [D ] None of them
26. Consider the following:
1.Balance of trade
2. Net factor income
3. Net transfer payment
Which among the above make the part of the “capital Account”?
27. Which of the following statement in not correct ?
[A] At present there are 26 Nationalised Banks in India [B] Foreign banks and RRBs do not come under the category of Scheduled Commercial Banks
[C] Banks have the freedom to regulate their own SB deposit interest rates [D ] Narsimham Committee is related to Banking Sector Reform
28. Which among the following are the 'credit rating agencies' in India?
1. CRISIL 2. CARE 3. ICRA 4. ONICRA
[A] 1 & 3
[B] 1,2 & 3
[C] 1, 3 & 4 [D ] All of them
29. Consider the following statements regarding “Take-Out Financing” :
1. It is for infrastructure projects which has long gestation period
2.It helps to prevent any possible asset-liability mismatch
State the correct statement/s
[A] Only 1 [B] Only 2 [C] Both 1 & 2 [D ] Neither 1 nor 2
(Take-out financing is a method of providing finance for longer duration projects of about 15 years by banks sanctioning medium-term loans for 5-7 years. It is given that the loan will be taken out of the books of the financing bank within pre-fixed period by another institution, thus preventing any possible asset-liability mismatch. After taking out the loan from bank, the institution could off-load them to another bank or kept in it.)
30. which among the following are the wholly / partly owned subsidiaries of RBI?
1.DICGC
2.NHB
3.NABARD
4. BRBNML
[A] 1 & 4 [B] 1,2 & 4 [C] 1, 3 & 4 [D ] All of them
31. The concept of Universal Banking was implemented in India on the recommendation of :
[A] Abid Hussain Committee [B] R H Khan Committee [C] Padnabhan Committee [D ] Y H Malegum Committee
32. PDS is operated under the responsibility of the:
1. Central Govt.
2. State Govt.
[A] only 1 [B] only 2 [C] Both 1 & 2 [D ] Neither 1 nor 2
33. Which of the commodity in India gives largest in terms of export value?
1. Tea
2. Basmati Rice
3. Spice
4. Cotton
34. Consider the following statements:
1. Indicative planning is a feature of mixed economy
2. Perspective planning is used by socialist countries where each & every aspect of planning is controlled by the state
State the correct statement/s
[A] Only 1 [B] Only 2 [C] Both 1 & 2 [D ] Neither 1 nor 2
35. Which of the following price indices of India is considered for measuring headline inflation?
[A] GDP deflator [B] CPI- AL / RL [C] CPI-I
[D ] WPI
36. Consider the following statements:
1. Core Inflation is essentially demand driven
2. Core inflation includes items that face volatile price movements
Which one is correct?
[A] Only 1 [B] Only 2 [C] Both 1 & 2 [D ] Neither 1 or 2
37. Which of the PSU is fifth company which has been accorded the “Maharatna Status”?
[A] Coal India [B] GAIL [C] Power Grid Corpn. [D] BHEL
38. After the recently concluded free trade agreement between India & ASEAN, now there are talks going on on proposed regional trade agreement in services and investment for which India is also said to be pushing for an early conclusion of the proposed agreement as per recent reports published in newspapers.
Consider the following in this regard: 1. Trade Agreement in Services 2. Trade Agreement in Banking 3. Trade Agreement in Investment & Financial Segment. In which of the above India's stand is most reluctant? (A)1 only (B)1 & 2 only (C)1 & 3 only (D)2 & 3 only (E)all 1,2,3
39. Which among the following company is world's largest tea producer?
(A)Tata Tea Ltd. (B)Godrej Tea (C)McLeod Russel (D)Hindustan Unilever (E)None of them
40.Which among the following decisions have been taken most recently about flying our national flag?
(A)Flag can be flown on a Top of House, Office, shops (B)Flag can be hoisted at all days (C)Every citizen of India can fly the national flag provided it is not insulted in any ways (D)Flag can be hoisted in Nights (E)None of the above
41.Now a days we read in the newspapers that Reserve Bank of India is introducing a series of rollbacks since the economic environment improved. In this series RBI may tighten its monetary policy following the revival of the global economy and Indian markets. Which among the following effects will be seen on "deposit rates" if RBI tightens its policy?
(A)The deposit rates will increase (B)The deposit rates will decrease (C)The deposit rates will remain unaltered (D)Either Increase or decrease (E)Decrease sharply
42. From December 10, 2009 Reserve Bank of India has decided to reintroduce the ceiling on interest rates that Indian companies pay for external commercial borrowing and shut the special window that allowed companies to buy back foreign currency convertible bonds to reduce debt burden at the height of the global financial crisis. Which among the following is the broad idea behind this move of RBI?
(A)To signal a check on excessive inflows (B)To signal a check on excessive outflows (C)To attract the foreign lenders (D)To repel the foreign lenders (E)None of them
43. Which of the following committee in India had for the first time recommended the privatization and restructure of LIC?
(A)Malhotra Committee (B)Narsimham Committee (C)Raja Chelliah Committee (D)J Reddy Committee (E)None of them
44. Which of the following bank is facing probe in Koda case?
(A)Corporation Bank (B)Union Bank of India (C)UCo Bank (D)Bank of India (E)None of them
45. Many a times we read in newspapers about "China Model of Development" , however we in India follow a different path. Consider the following options A to E and bring out the one which is followed in India and not in China?
(A)Manufacturing-led economy financed mainly by portfolio and foreign direct investment (B)Centralized system of Governance and fewer checks and balances in place. (C)Pursuit of capitalism with a communist political system (D)An exchange rate policy designed to promote competitiveness (E)Reluctant liberalization with mainly domestic sources of funding
46. Many a times we read in the newspapers about "gross Budgetary Support". Which among the following definition is nearest to the Gross Budgetary support ?
(A)value of gross revenue receipts by the government (B)Value of total plan expenditure (C)Fraction of total expenditure of the government on different Central sectors plans (D)Fraction of total expenditure of the government on different Central sectors/ ministries/departments and the support to State/Union Territory Plan (E)None of the above
47. Who among the following is the chairman
of the Empowered Committee of State Finance Ministers, who recently released
first discussion paper on GST ?
(A)Pranab Mukherjee (B)Asim Dasgupta (C)K.Ramakrishna (D)Yashwant Sinha (E)S.S Palanimanickam
48. Which among the following body in India takes actions against violations & irregularities in foreign currency convertible bonds?
(A)Securities and Exchange Board of India (B)Reserve Bank of India (C)Foreign Investment Promotion Board (D)National Stock Exchange (E)None of them
49. In which of the following two public sector banks in India, a post of Second Executive Director has been created recently?
(A)Canara Bank & Bank of Baroda (B)Corporation Bank and Canara Bank (C)Corporation Bank & Andhra Bank (D)Andhra Bank & Indian Overseas Bank (E)Canara Bank & Indian Overseas Bank
50. Among the four BRIC Nations, which among the following is the smallest Economy ?
(A)India (B)Brazil (C)Russia (D)China (E)None of them
Answer Sheet
Q No.
Ans
Description
1
B
Perpetual Bonds have no fixed maturity
2
B
The cash resources at the disposal of the commercial banks get diminished
3
D
All
4
B
Only 2 & 3
5
A
The issue of currency notes without metallic backing
6
B
Saudi Arabia
7
C
Iran
8
A
Public Goods
9
D
Fourth Five Year Plan
10
C
Statutory Reserve Ratio
11
C
Central Statistical Office
12
A
Delhi NCR
13
D
All
14
D
1 2 3 4 5
15
1
Geneva
16
D
Export
17
B
Balance of Payment
18
D
None
19
B
1000
20
A
No government intervention
21
C
Giffen Goods
22
C
Gresham's Law
23
D
Stagflation
24
D
Fourth -----
25
A
Oriental Life Insurance Company
26
27
B
Foreign banks and RRBs do not come under the category of Scheduled Commercial Banks
28
B
1,2 & 3
29
C
Both 1 & 2
30
D
All of them
31
B
R H Khan Committee
32
C
Both 1 & 2
33
2
Basmati Rice
34
A
Only 1
35
D
WPI
36
A
Only 1
37
A
Coal India
38
D
2 & 3 only
39
C
McLeod Russel
40
A, B, C
41
The deposit rates will increase
42
A
To signal a check on excessive inflows
43
A
Malhotra Committee
44
B
Union Bank of India
45
E
Reluctant liberalization with mainly domestic sources of funding
46
D
Fraction of total expenditure of the government on different Central sectors/ ministries/departments and the support to State/Union Territory Plan
47
B
Asim Dasgupta
48
B
Reserve Bank of India
49
C
Corporation Bank & Andhra Bank
50
A
India
kindly guide me how to upload files here so that I can upload a power point presentation
RBI GRADE B PHASE I EXAMINATION -2014
GENERAL AWARENESS QUESTIONS FOR PRACTICE
· Harish Rawat appointed 8th Chief Minister of Uttrakhand
· Karnataka defeated Maharashtra to win the Ranji Trophy 2014
· Scottish Parliament approved the Same Sex Marriage Bill
· Union Government hiked FRP of Sugarcane by 10 rupees per quintal for 2014-15
· Arunima Sinha awarded Amazing Indian Award
· Vishwanath Tripathi selected for the Vyas Samman 2013
· Abhinav Bindra won second gold medal in Inter Shoot Tri series Shooting
· Bindra became 1st person to win three gold medals in Tri-series shooting
· Sikkim became first state to achieve 100 percent sanitation coverage
· NABARD under RIDF has sanctioned loans worth over 19100 crore rupees
· Cancer awareness programme launched by Yuvraj Singh
· Kosnam Himalaya Singh appointed as Lieutenant General
· Ashok Varadhan appointed co-head of securities division of Goldman Sachs
· Karnataka won Irani Cup for the fifth time
· Satellite Centre of PGIMER, Chandigarh to be established at Sangrur
· Union Government launched HIV Salvage Therapy
· Mars Orbiter Spacecraft, Mangalyaan, completed 100 days
· Assam became the First State to legally ban smokeless tobacco
· Delhi Government approved Delhi Nagar Swaraj Bill
· Union Government approved two plants to manufacture Semiconductor chips
· Javed Miandad, former Pakistani cricketer resigned as Director-General of countries cricket
· Union Government raised the import tariff value on gold and silver
· Researchers at IIT Kharagpur developed ready-to-eat food paste for malnourished children
· ONGC and OIL signed Production Sharing Contract in two water Blocks of Bangladesh
· Hindi writer and Jnanpith Award winner Amar Kant died
· Carnatic music Vocalist R K Srikantan died at 94
· Death sentence of 3 convicts in Rajiv Gandhi assassination case commuted to life imprisonment
· Bharti Airtel Signed an Agreement with Loop Mobile
· Government de-allocated six Coal Blocks due to delay in production
· Parliament passed Street Vendors Protection of Livelihood and Regulation of Street Vending Bill
· People are free to adopt children irrespective of religious background: SC
· Vice President released a book entitled Public Issues Before Parliament
· CCEA approved National Mission for Green India
· Cheteshwar Pujara named as brand ambassador of Gujarat Election Commission
· P V Sindhu ranked 9th in BWF women's Singles ranking
· Union Cabinet approved the setting up Equal Opportunities Commission
· Online Shopping Portal for authentic Tribal Products launched
· Khajuraho Dance Festival began at Khajuraho in MP
· Cabinet approved Odia as Classical Language
· Bezbaruah Committee Constituted for the protection of rights of North Eastern people
· Whistleblower Protection Bill passed by Union Legislature
· United Bank of India CMD Archana Bhargava resigned
· India successfully test-fired Akash missile from ITR Complex in Chandipur
· NTPC signed MoU to Develop Kajra Thermal Project of 1320 MW in Bihar
· Coca-Cola announced to set up Accelerator Programme TARGET in India
· Delhi Waveriders won the 2nd edition of Hockey India League cup 2014
· National Bank for Agriculture and Rural Development (NABARD) announces to form a new concept called Joint Liability Group (JLG).
· Supreme Court refers the petition seeking legalization of euthanasia to a five-judge Constitution Bench.
· Union Health and Family Welfare Minister Gulam Nabi Azad inaugurates the All India Institute of Medical Science (AIIMS), Bhubaneswar.
· The largest 130-MW Solar Power Plant of India launched at Bhagwanpur in Neemuch, Madhya Pradesh.
· Union Ministry of Environment & Forest approves field trials for Genetically Modified (GM) crops rice, wheat, cotton and maize.
· Union Home Ministry constitutes G K Pillay Committee to study and examine the demand of a separate Bodoland state.
· Chandi Prasad Bhatt, the noted Gandhian environmentalist and social activist selected for the Gandhi Peace Prize for the year 2013.
· Union Cabinet approves the Mission document on the National Mission for sustaining the Himalayan Ecosystem (NMSHE).
· National Science Day observed on 28 February across India to mark the discovery of the Raman Effect by Indian physicist CV Raman.
· Olympic torch lit on Mount Elbrus, Russia's highest point
· World Wetland Day celebrated across the globe
· Philip Seymour Hoffman, the Oscar-winning American actor died
· Joshna Chinappa won Winnipeg Open title
· First Paperless Public Library of World BiblioTech opened in USA
· Saudi Arabia King ordered jail terms ranging 3-30 years for mercenaries fighting outside country
· Olympic flame reached Sochi after crossing Oceans, North Pole and Space
· Libya destroyed entire chemical arsenal
· Danish amputee first in the world to get Bionic Hand
· Union Ministry of Culture and Tate signed MoU
· President of Israel Shimon Peres set a new Guinness World record
· Sangakkara became second cricketer to hit triple century and a century in same match
· US Navy ANM66 bomb, the largest ever WWII bomb was successfully dismantled
· Srinivasan elected as the new Chairman of ICC from July 2014 onwards
· Yulia Lipnitskaya is the youngest Russian to win gold medal in Winter Olympics
· Kamar Ahmad Simon won Golden Conch Award of MIFF 2014
· Scientists discovered new River Dolphin Species in Amazon; this is first discovery in 100 years
· Domestic Content requirement of India's Solar Mission challenged by US
· India and Netherlands signed MoU on Renewable energy
· China and Taiwan hold first official level talks since 1949
· Volcano Mount Kelud of Indonesia erupted
· Belgium became second country to allow Mercy Killing for Children
· India and Kyrgyz Republic signed two agreements
· Bubba Watson won Northern Trust Open
· Peng Shuai of China ranked World No. 1 in WTA Doubles Ranking
· World Bridge Championship to be hosted by India in 2015
· Country's first wild dog breeding centre to be created IGZP in Vizag
· New Zealand won two-Cricket Test series against India 1-0
· Facebook acquired WhatsApp for 19 billion dollar
· India and Bahrain signed Agreements to expand Cooperation in Key Areas
· WB and UNICEF launched campaign about safe drinking water and Sanitation
· International Mother Language Day observed across the world on 21 February 2014
· UNSC adopted resolution to boost humanitarian aid access in Syria
· Matteo Renzi sworn-in as PM of Italy
· Oleksandr Turchynov appointed as interim President of Ukraine
· G-20 Finance Ministers and Central Bank Governors Meet
· The Ugandan President Yoweri-Museveni signs anti-gay bill which imposes tough penalties for homosexual acts.
· The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) and the Confederation of Indian Industry (CII) agrees to organise Nepal-India Economic Summit every year.
· Harold Ramis, the American actor, writer and director of classic comedy films died in Chicago.
· Ibrahim Mahlab sworn in as new Egypt Prime Minister. He is a former member of Hosni Mubarak's political party.
· Angela Merkel, the German Chancellor awarded with Israel's highest civilian honour, the Israeli Presidential Medal of Distinction.
· India and Saudi Arabia sign a Memorandum of Understanding (MoU) on defence cooperation pact to take their strategic partnership further in areas of security.
· Turkish president Abdullah Gul approves the bill on restricting the judicial powers.
· Legendary Spanish guitarist Paco de Lucia passes away in Mexico.
· India and Israel signs an agreement on Cooperation in Public and Homeland security.
· Britain unveils the world's largest aircraft.
· A US company Media Development Investment Fund (MDIF) plans to build an Outernet - a global network of cube satellites broadcasting Internet data to all the people on the planet - for free.
· India and Iran agree to take a decision on Chabahar Port by March 2014
Indian Currency
Name of the Indian Currency: The Indian Currency is called the Indian rupee and the coins are called paisa. One rupee consists of 100 paisa.
Present denominations of bank notes in India: At Present notes in India are issued in the denomination of Rs.5, 10, 20, 50, 100, 500 and 1000. These notes are called bank notes as they are issued by the RBI. The printing of notes in the denominations of Rs.1 and Rs.2 has been discontinued as these denominations have been coinised. However such notes issued earlier are still in circulation. The printing of notes in the denomination of Rs.5 had also been discontinued however it has been decided to reintroduce these notes in order to meet the gap between the demand and supply of coins in this denomination.
Present available denomination of coins in India: Coins in India are available in denominations of 50 paisa, one rupees , two rupees , five rupees and ten rupees. Coins up to 50 paisa are called small coins and coins of rupee one and above are called rupee coins.
Can bank notes and coins be issued only in these denominations: Not necessarily. The RBI can also issue notes in the denominations five thousand rupees and ten thousand rupees or any other denomination that the central Government may specify. There cannot through be notes in denominations higher than ten thousand rupees in terms of the current provisions of the RBI act 1934. Coins can be issued up to the denomination of Rs.1000
The role of the RBI in Currency management: The RBI manages Currency in India. The Government on the advice of the RBI decides on the various denominations. The RBI also coordinates with the Government in the designing of bank notes including the security features. The RBI estimates the quantity of notes that are likely to be needed denomination wise and places the indent with the various security presses through the Government of India. The notes received from the security presses are issued and a reserve stock maintained. Notes received from banks and Currency chests are examined. Notes fit for circulation are reissued and the others are destroyed so as to maintain the quality of notes in circulation. The RBI derives its role in Currency management on the basis of the RBI act 1934.
The role of Government of India: The responsibility for coinage vests with Government of India on the basis of the coinage act 1906 as amended from time to time. The designing and minting of coins in various denominations is also attended to by the Government of India.
Who decides on the volume and value of bank notes to be printed and on what basis: The RBI decides upon the volume and value of bank notes to be printed. The quantum of bank notes that needs to be printed broadly depends on the annual increase
In bank notes required for circulation purposes replacement of soiled notes and reserve requirements.
Who decides on the quantity of coins to be minted: The Government of India decides upon the quantity of coins to be minted.
How does the reserve bank reach the Currency to people: The RBI manages the Currency operations through its offices located at Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Jaipur, Kanpur, luck now, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram? These offices receive fresh notes from the note presses. Similarly the RBI offices located at Kolkata, Hyderabad, Mumbai and New Delhi initially receive the coins from mints. These offices then send them to the other offices of the reserve bank. The notes and rupee coins are stocked at the Currency chests and small coins at the small coin depots. The bank branches receive the bank notes and coins from the Currency chests and small coin depots for further distribution among the public.
What is a Currency chest: To facilities the distribution of notes and rupee coins the RBI has authorized select branches of banks to establish Currency chests . These are actually storehouses where bank notes and rupee coins are stocked on behalf of the reserve bank. At Present there are over 4422 Currency chests. The Currency chest branches are expected to distribute notes and rupee coins to other bank branches in their area of operation.
What is a small coin Depot: Some bank branches are also authorized to establish small coin depots to stock small coins. There are 3784 small coin deposits spread throughout the country.
What happens when the notes and coins return from circulation: Notes and coins returned from circulation are deposits at the offices if the reserve bank. The reserve bank then separates the notes that are fit for reissue and those which are not fit for reissue. The notes which are fit for reissue are sent back in circulation and those which are unfit for reissue are destroyed after processing and shredding. The same is the case with coins. The coins with drawn are sent to the mints for melting
From where can the General public obtain bank notes and coins: Banks notes and coins can be obtained at any of the offices of the reserve bank and at all branches of banks maintaining Currency chests and small coin deposits.
Why are Rs.1, Rs.2, and notes not being printed: volume wise the share of such small denomination notes in the total notes in circulation was as high as 57 percent but constituted only 7 percent in terms of value. The average life of these notes was found a year. The cost of printing and servicing these notes was thus not commensurate with their life. Printing of these notes was therefore discontinued. These denominations were Therefore coinised However it has been decided that notes in the denomination of Rs.5 be re-introduced so as to meet the gap between the demand and supply of coins in this denomination.
Soiled and mutilated notes: soiled notes are notes which have become dirty and limp due to excessive use. Mutilated notes are notes which are torn disfigured burnt, washed, eaten by white ants etc. A double numbered note cut into two pieces but on which both the numbers are in fact is now being treated as soiled note.
Can such notes be exchanged for value: Yes soiled notes can be tendered at all bank branches for and exchange obtained.
How much value would one get in exchange of soiled or mutilated notes: Full value is payable against soiled notes. Payment of exchange value of mutilated notes is governed by the reserve bank of India rules 1975. These rules have been framed under section 28 of the RBI 134.
What if a note is found to be non-payable: Non-payable notes are retained by the receiving banks and sent to the reserve bank where they are destroyed.
Where soiled mutilated notes accepted are: All banks are authorized to accept soiled notes across their counters and pay the exchange value. They are expected to offer these services even to non-customers. All public sector bank branches and Currency chest branches of private sector banks are authorized to adjudicated and pay value in respect of mutilated notes. The RBI has also authorized all commercial bank branches to treat certain notes in two pieces as soiled notes and pay exchange value.
Special features Introduced in the notes of Mahatma Gandhi series: The new mahatma Gandhi series of notes contain several special features the notes issued earlier these are:
Latent Image : A vertical band behind on the right side of the mahatma Gandhi portrait which contains which contains latent image showing the denominational value 20, 50, 100, 500, 1000 as the case may be.
Repo Rate: Repo rate means a purchase and sale of agreement. It is a contract to buy securities and then sell them back at an agreed future date and price. It is thus revenue for short term investment of surplus funds. From RBI point of view it is called a short term lending and from banks point of view it is called short term borrowing.
Reverse Repo rate : Reverse Repo Rate is an instrument of borrowing funds for a short period and involves selling a security and simultaneously agreeing to repurchase it at a stated future date for slightly higher price. From RBI point of view it is called a short term borrowing and from banks point of view it is called a short term lending.
Group Company : As per RBI for the purpose of FDI, two or more enterprise which , directly or indirectly , are in position to exercise 26% or more of voting rights in other enterprise or appoint more than 50% of the members of the board of directors in the other enterprises.
Branch Vs Subsidiary: A subsidiary is a separate legal entity from the parent company, although owned by parent company, has a same legal identity as its parent company , from liability , on the other hand branch is not a separate legal entity of the parent company and liability wise there is no limit to the parents company's liability , RBI has permitted to Foreign Banks to change from Branch Mode to the Wholly Owned Subsidiaries.
NFS (National Financial Switch): It facilitates interconnectivity between banks' switches and interbank payment Gateway for authentication & routing the payment details of various E-commerce & E-Govt. activities (Retail Banking). Now NFS has been overtaken by NPCI (National Payment Corporation of India).
SLR (Statutory Liquidity Ratio): This is a minimum Reserve which every bank has to maintain with itself in the most liquid form to meet any demand of the depositors. Normally Government securities are purchased to maintain SLR.
Prime Lending Rate (PLR): The term originally indicates the rate of interest at which a bank lends to favored customers, i.e. those with high credibility, though this is no longer always the case. Some variable interest rates may be expressed as a percentage above or below prime rate.
Sub Prime Rate: In India when money is lent below the PLR is known as Sub Prime Rate whereas in USA when money is lent at rate above the PLR is known as Sub Prime rate.
Base Rate: As per recommendation of Mr. Deepak Mohanty of RBI to bring a complete transparency in Bank's lending system, in Indian Banking system the loan were sanctioned to the large corporate houses even below the PLR and some time it were fixed very low without any justification. A Base rate recommends that no bank will lend any money below the base rate. With this there shall be no extra benefits to the large corporate houses. Base rate will be beneficial for the regulator RBI. Now all Banks will either lend at Base rate or will park money with RBI, under LAF system. Base rate has been implemented from 1st july, 2010.
GDRs (Global Depository Receipts): It is a dollor denominated instrument, an easy way of raising funds from foreign countries. It is a mechanism that allows foreign investor to invest in Indian Companies. Represents a certain number of equity shares on Indian companies. GDRs are issued by depository usually American Banks & Indian shares are held by custodian in India (like ICICI). Traded in stock exchanges in Europe or in US or both.
IPO (Initial Public Offer): 1st sale of stock by a company to the public .IPOs offer issued by smaller younger co. seeking the capital to extend. It can also be done by large company.
FPO (Follow on Public Offer ) : A public company already listed on an exchange, a supplementary shares made by a company that is already publicly listed & has gone thru the IPO process, it is also called as secondary public offering subsequent to the company's IPO.
Zero Liability Protection: It is a bank guarantee. If your card is lost or stolen you may not be responsible for unauthorized purchases made with your card if you report the theft promptly. The Zero liability protection facility is free & automatically available on all bank consumer Credit Cards.
Vostro Account: When a foreign Bank is opened in the India with Indian Currency is known as Vostro account e.g. Standard Chartered Bank in India.
SWAPS: It is a transaction where the bank purchases or sells the foreign currency simultaneously, for different maturities, say purchases of spot and sale of forward or vice versa. Swap contracts obligate 2 parties to swap or exchange certain specified intervals. Swaps are not the instruments for raising funds rather they allow better management of existing funds.
Narasimham committee report 1991 &1998
The narasimham committee was set up in order to study the problems of the indian Financial system and to suggest some recommendations for improvement in the efficiency and productivity of the Financial institution
The committee had given the following major recommendations:
1. Reduction in SLR and CRR : The committee recommeded the Reduction of the higher proportion of the statutory liquidity ratio and cash reserve ratio . Both of these ratios were very high at that time. The SLR the was 38.5 percent and crr was 15 percent . This high percentage of SLR and CRR meant locking the bank resources for govt uses. SLR was recommeded to be from 38.5 to 25 percent and CRR from 15 percent and 3.5 percent
2. Phasing out of directed Credit programme : in india since Nationalization directed Credit programmes were adopted by the Government . The committee recommed Phasing out of this programme. This programme compelled banks to earmark their Financial resources for the needy and poor sectors at concessional rates of interest
3. Interest rate determintaion: The committee felt that the interest rates in india were regulated and controlled by the authorities . The committee recommeded eliminating Government controls on interest rates and Phasing out the concessional interest rates for the priority sector.
4. Structural re organizations of the banking sector: The committee recommeded that the actual number of public sector banks need to be reduced. Three to four large banks including SBI should be developed as international banks. Eight to ten banks having nationwide presence should concerntrate in the National and unverisal banking services.
Local banks should concerntrate on region specific banking . Regarding RRBs it recommeded that they should focus on agr culture and rural financing
5. Establishment of the ARF and tribunal: The proporation of bad debts and non performing assets of the public banks and Development Financial institute was veey alarming in those days. The committee recommeded the Establishment of an assets reconstruction fund . This fund would take over the proporation of the bad and doubt ful debts from the banks and Financial institutes. It would help banks to get rid of bed debts.
6. Removal of dual control : The committee recommeded the stopping of this system. it considered and recommeded that the RBI should be the only main agency to regulate banking in india
7. Banking autonomy : The committee recommeded that the public sector banks should be free and autonomous. Banking technology upgradation would thus be easy.
Narasimham committee report II – 1998
In 1998 the Government appointed yet another committee under the chairmanship of Mrt.Narasimham. It better known as the banking sector committee. It was told to review the banking reform progress and design a programme for further strengthening the Financial system of india the committee focused on various areas such as capital adequacy bank mergers bank legislation,
It submitted its report to the Government in April 1998 with the following recommendations:
1. Strengthening the banks in india
2. Narrow banking
3. Capital adequacy ratio
4. Bank owership
5. Review of banking laws
Apart from these major recommendations the committee has also recommended faster computerization , technology upgradation , training of staff, depoliticizing of banks, professionalism in banking , reviewing bank recruitment etc.
1. A recent news in a business newspapers read: “Indirect tax collections grew by 6.2% in the April-December period of this fiscal“. Which among the following is / are indirect taxes? 1. Excise 2. Custom 3. Service Tax 4. Property Tax
Choose the correct option from the codes given below: [A]Only 1 & 2 [B]Only 1, 2 & 3 [C]Only 3 & 4 [D]1, 2, 3 & 4
2. As of 2014, the number of public sector banks in India is__? [A] 25 [B] 27 [C] 29 [D] 22
3. A Non-Performing Asset of a non-agricultural loan book shall be a loan or advance where___:
[A]Interest and/or instalment of principal remain overdue for 90 days in respect of term loan [B]The debtor is declared insolvent [C]Payment of interest/instalment of principal has been irregular [D]All of the above
NPA of a non-agricultural loan book is a loan/advance wherein interest/instalment of principal remains overdue for 90 days. These NPAs causes capital formation for banks thereby reducing the lending capacity of banks undermining growth. In India recently there has been an increase in NPAs, especially of public sector banks.
4. Which one of the following is the new sub-category of the commercial real estate sector (CRE) as per the latest RBI directive? [A]Residential projects [B]Commercial projects [C]Industrial projects [D]SEZ projects
5. Though ULIPs (Unit Linked Insurance Plan) are considered to be a better investment vehicle it has failed to capture the imagination of the retail investors in India because of which of the following reasons? [A]Regulatory jurisdictional fight between SEBI and IRDA [B]They don't offer better tax benefits [C]They offer lesser returns compared to traditional insurance policies [D]All of the above
6. The Shome committee which was appointed to look into the guidelines of General Anti Avoidance Rules (GAAR) has recommended retrospective application of tax law only in rarest of rare cases. Which of the following recommendation/s is/are made by this panel? 1.To correct anomalies in the statues of Tax laws, 2.To protect the tax base from abusive tax planning schemes with a purpose to avoid tax 3.To correct technical/procedural defects that impairs a substantive law Choose the correct option from the codes given below: [A]1 only [B]2 only [C]3 only [D]1, 2 and 3
7. Recently the Cabinet Committee on Economic Affairs (CCEA) has deferred its decision on Accelerated Irrigation Benefit Programme (AIBP) for the 12th five year plan (FYP), because of which of the following reasons? [A]Because of non-approval by Planning commission [B]Reports suggesting underutilisation of full potential of irrigation projects created under 10th FYP [C]To readdress changing nature of irrigation requirements [D]All of the above
8. What is the current share of manufacturing sector in GDP? [A]14.5% [B]16% [C]18% [D]21%
9. Which one of the following was the purpose of appointment of Rangachary committee? [A]Taxation of software Development Centres & IT Sector [B]Taxation of Biotechnology and Pharmacy sector [C]Taxation of MSME sector [D]None of the above
Rangachary committee was appointed by PM in July 2012 to look into taxation of IT sector and the panel had submitted its report in September, 2012, suggesting parameters to identify contract R&D services provider with insignificant risk and application of profit split method
10. Which of the following best defines a floating-rate bond? [A]A bond with a fixed interest rate and has better yield than varying interest rate bond [B]A bond with a fixed interest rate and has lower yield than varying interest rate bond [C]A bond with a varying interest rate and has better yield than fixed interest rate bond [D]A bond with a varying interest rate and has lower yield than fixed interest rate bond
11. Why the Indirect taxes are termed regressive taxing mechanisms? [A]They are charged at higher rates than direct taxes [B]They are charged the same for all income groups [C]They are charged the same for all income groups [D]None of the above is a correct reason
12. The Cabinet Committee on Investments has been set-up to address which of the following___? [A]To submit a report on the hurdles creating bottle-necks on the economy [B]To boost big ticket investments and untangle red-tapism [C]To fast track disinvestment in PSUs [D]To attract foreign investment into India to attract foreign investment into India
13. The Chameli Devi Jain Award is given for an outstanding woman ____? [A]Scientist [B]Reporter [C]Player [D]Teacher
Alka Dhupkar, a journalist with Marathi-language TV news channel IBN-Lokmat, has won the prestigious Chameli Devi Jain Award for an outstanding woman media person this year.
14. Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within __? [A]30 Days [B]60 Days [C]75 Days [D]90 Days
15. Approximately, how many Foreign Institutional Investors are registered in India as of April 2013? [A]1100 [B]1300 [C]1700 [D]2200
16. Approximately, what fraction of India's total exports is contributed by the Micro, Small and Medium Enterprises (MSME) sector ? [A]20% [B]30% [C]40% [D]45%
17. As of April 2013, which among the following carriers has the largest market share in Domestic air passenger traffic ? [A]IndiGo [B]SpiceJet [C]Air India [D]Jet Airways
18. Which among the following panels have recently recommended the pricing of natural gas by a complex methodology of arriving at an average of international gas hub prices? [A]B K Chaturvedi Panel [B]C Rangrajan Panel [C]Raghuram Rajan [D]Parliamentary Panel headed by Yashwant Sinha
19. In India, the Chit funds are governed / Regulated by ___? [A]RBI [B]Central Government [C]State Governments [D]Local Bodies
20. To make recommendations on the devolution of taxes, the 14th Finance Commission has been directed to use the Census figures of __: [A]1971 [B]1981 [C]1991 [D]2001
21. At present India is world's biggest exporter of which among the following commodities? 1. Tea 2. Coffee 3. Sugar 4. Guar gum Choose the correct option from the codes given below: [A]Only 1 [B]Only 1 & 3 [C]Only 3 & 4 [D]Only 4
22. How many drugs have been listed in the National List of Essential Medicines (NLEM)? [A]245 [B]348 [C]423 [D]367
23. Recently, we read in the newspapers that TCS overtook state-owned ONGC to become the India's most-valued company on the basis of market capitalization. Which among the following statements is / are correct with reference to the market capitalization? 1. Market capitalization is the product of total number of shares and stock price 2. Market capitalization changes daily Choose the correct option from the codes given below: [A]Only 1 [B]Only 2 [C]Both 1 & 2 [D]Neither 1 nor 2
24. In April 2013, a Bill has been introduced in the Lok Sabha to raise the authorised capital of the Regional Rural Banks to Rs 500 crore. What is the current authorised bill of RRBs? [A]Rs. 5 Crore [B]Rs. 10 Crore [C]Rs. 50 Crore [D]Rs. 100 Crore
25. Which among the following commodities has been in news recently with respect to the controversial proposal to pool prices? [A]LPG [B]Coal [C]Crude Oil [D]Gasoline
26. The Cabinet Committee on Investment (CCI) has been established to approve the investment projects which are larger than __? [A]Rs. 500 Crore [B]Rs. 1000 Crore [C]Rs. 1500 Crore [D]Rs. 2000 Crore
27. The government has recently launched the Modified Special Incentive Package Scheme (M-SIPS) for __: [A]Electronic System Design and Manufacturing [B]Micro, Small and Medium Enterprises [C]Hotel and Tourism Sector Investments [D]Textile Industry
28. With reference to Domestic Savings in India, the savings come from three sources, viz. households, the private corporate sector, and the public sector. Which among them holds the maximum share? [A]Households [B]Private Corporate Sector [C]Public Sector [D]Private Corporate Sector & Public Sector Combined
29. Recently, India and Saudi Arabia decided to set up a joint working group on the 'Nitaqat law' placed by the Saudi government. The 'Nitaqat law' relates to: [A]Labour Laws [B]Marriage Laws [C]Criminal Procedure Code [D]Owning Property Rights
30. Recently, the Bombay Stock Exchange (BSE) has launched an Islamic equity index based on: [A]S&P BSE 500 index [B]S&P BSE 200 index [C]S&P BSE 100 index [D]S&P BSE BANKEX
31. The difference between the outflow and inflow of foreign currency is known as ___: [A]Foreign Exchange Reserves [B]Current Account Deficit [C]Fiscal Deficit [D]Balance of Payments
32. Which among the following schemes of the Government was launched with an objective of a slum free India? [A]Indira Awas Yojana [B]Rajiv Awas Yojana [C]Ambedkar Awas Yojana [D]Gruhalaxmi Scheme
33. Which among the following regulate the commodity markets in India? 1. RBI 2. SEBI 3. Forward Market Commission Choose the correct option from the codes given below: [A]Only 1 & 2 [B]Only 2 & 3 [C]Only 1 & 3 [D]Only 3
34. While promoting India as an investment destination, recently India's Finance Minister said that the “financial protectionism” by the industrial countries is an issue of concerns. Which among the following best defines the Financial Protectionism? [A]Imposing Tariffs and other barriers to trade [B]Providing direct and indirect subsidies to farmers [C]Imposing barriers to inward or outward capital flows [D]Manipulating the foreign exchange rates
35. One of the headlines in the news papers recently read: "Rupee tumbled 10 paise at one-week low of 54.62". Which among the following can tumble the Rupee down?
1.Sustained dollar demand from importers
2.Capital outflows
3.Rupee showing bearish trend in currency market
Choose the correct option from the codes given below: [A]Only 1 & 2 [B]Only 2 & 3 [C]Only 1 & 3 [D]1, 2 & 3
36. Recently, India and Malta have renegotiated and signed the revised Double Taxation Avoidance Agreement (DTAA) to align with global norms and changes in domestic laws. Malta is one of the most developed countries in world with its capital at __: [A]Valletta [B]Cospicua [C]Città Victoria [D]Żejtun
37. A commercial bank will launch a medium term note (MTN) programme to ___: [A]Provide loans [B]Raise Funds [C]Sell Equity [D]Purchase shares
Medium term note (MTN) is a debt bond which usually matures in 5 to 10 years. Obviously it is used for raising funds in domestic or international markets. Recently Union Bank of India has hit the global debt market to raise around USD 500 million through bond issuance.
38. The recently released data on India's services exports reveal that India's services exports rose by 9.5 percent to USD 12.28 billion. The data on India's services trade is released by __? [A]Central Statistical Office (CSO) [B]Reserve Bank of India (RBI) [C]Ministry of Commerce & Industry [D]Ministry of Statistics and Programme Implementation
RBI releases the provisional aggregate monthly data on India's international trade in services with a lag of 45 days. Also note that the services sector contributes more than 50 percent to the country's gross domestic product.
39. The government of India can interfere in the prices of which among the following?
1.Gasoline
2.Diesel
3.Natural Gas
Choose the correct option from the codes given below:
[A]Only 2 & 3 [B]Only 2 [C]1, 2 & 3 [D]Only 3
40. As of now, India has independent regulators to control the __:
1.Commodity Exchanges
2.Insurance Market
3.Stock Markets
4.Coal Sector
5.Road Sector
Choose the correct option from the codes given below: [A]Only 1 & 2 [B]Only 1, 2 & 3 [C]Only 1, 2, 3 & 4 [D]1, 2, 3, 4 & 5
41. A Miniratna–Category–1 Status holding public sector company in India can incur expenditure on modernization, new projects as well as equipment purchase without the approval of the Government, up to: [A]Rs 100 Crores [B]Rs 500 Crores [C]Rs 1000 Crores [D]Rs 1500 Crores
42. With reference to the Economic Growth of India in the previous five year plans, which among the following observations is / are correct? 1. The Growth rate in 11th five year plan was less than targeted 2. The growth rate achieved in 11th five year plan was more than the growth achieved in 10th plan Choose the correct option from the codes given below: [A]Only 1 is correct [B]Only 2 is correct [C]Both 1 & 2 are correct [D]Neither 1 nor 2 is correct
43. In which year, the Foreign Exchange Management Act (FEMA) came into force ? [A]1997 [B]1998 [C]1999 [D]2000
44. Which among the following is India's first Oil refinery? [A]Guwahati Refinery [B]Vishakhapatnam Refinery [C]Digboi Refinery [D]Barauni Refinery
45. Which among the following banks has launched the 'Tatkal', scheme that enables the people to transfer money to their families in their native towns and villages without actually opening an account? [A]State Bank of India [B]Bank of India [C]Canara Bank [D]Union Bank of India
46. Which among the following is the largest shareholder in “Infradebt “, India's first Infrastructure Debt Fund (IDF) under the non-banking financial company? [A]LIC [B]Bank of Baroda [C]ICICI Bank [D]CITIBank
47. Who among the following is the only finance minister of India to present the Union budget on his birthday? [A]Manmohan Singh [B]Morarji Desai [C]Yahshant Sinha [D]Jaswant Singh
The birth date of Morar ji desai is 29 February 1896. He holds the record of being the only finance minister to present the Union budget on his birthday – February 29. He did so for two times in 1964 and 1968. He is also the only person to have presented annual and interim budgets whilst being both the Finance Minister and Deputy Prime Minister of India
48. Who among the following is known to have given the shortest ever interim budget speech in India? [A]K.C. Neogy [B]H.N. Bahuguna [C]H. M. Patel [D]Rajiv Gandhi
49. As per the recently released data, which among the following states of India has recorded highest growth rate in 11th Five Year plan? [A]Gujarat [B]Maharashtra [C]Bihar [D]Rajasthan
BIHAR has recorded a growth rate of 11.95 per cent annually during the 11th Five Year Plan — the highest among states. The state is, however, way behind as far as its annual per capita income is concerned — Rs 25,653 as against the national average of Rs 60,972.
50. Which of the following is a Miniratna company? [A]Neyveli Lignite Corporation Limited [B]Bharat Heavy Electricals Ltd [C]Rashtriya Ispat Nigam Limited [D]Hindustan Newsprint Limited
51. Which among the following is the deepest land-locked and protected port of India? [A]Paradeep Port [B]Madras Port [C]Calcutta Port [D]Vishakhapatnam Port
52. The airlines of India were nationalized in which among the following years? [A]1953 [B]1950 [C]1948 [D]1947
53. On which among the following routes, India's first domestic air flight took place? [A]Delhi – Mumbai [B]Delhi – Karachi [C]Mumbai – Pune [D]Delhi – Lahore
54. Which among the following taxes is not levied in India as of now__: [A]Capital Gains Tax [B]Dividend Distribution Tax [C]Minimum Alternative Tax [D]Estate Duty
55. Diesel locomotive engines manufactured at which among the following places in India? [A]Varanasi [B]Chennai [C]Jabalpur [D]Jharkhand
56. After Petroleum Products and Gold, which among the following is India's third largest import commodity? [A]Electronic Goods [B]Machinery [C]Pearls, Precious & Semiprecious Stones [D]Textiles
57. Market regulator Sebi has set up a committee headed by former cabinet secretary K M Chandrashekhar to look into various matters related to __: [A]Investor Protection [B]Foreign Investments Policy [C]Stock Exchange Regulation [D]Stock Exchange Reforms
Foreign Investments
58. On which among the following dates, National Development Council was set up? [A]9th August 1960 [B]6th August 1952 [C]15th September 1958 [D]29th August 1960
59. As per the recent estimates, the country with the worst inflation situation in the world is __: [A]Ethiopia [B]Zimbabwe [C]Sudan
60. Malanjkhand mine famous for copper reserves is in which of the following states? [A]Orissa [B]Chhattisgarh [C]Jharkhand [D]Madhya Pradesh
61. Chairman of the 14th Finance Commission is __: [A]Shankar Acharya [B]Y. V. Reddy [C]Bimal Jalan [D]SS Tarapore
62. Average annual growth of the agriculture sector in the Eleventh Five Year Plan was __: [A]2.8% [B]3% [C]3.3% [D]3.8%
63. What is the average annual growth target of 12th Five Year Plan? [A]7.6 per cent [B]7.8 per cent [C]8 per cent [D]8.2 per cent
64. Projects with a minimum of which amount are tracked by National Manufacturing Competitiveness Council? [A]Rs. 500 crore [B]Rs. 1,000 crore [C]Rs. 1,500 crore [D]Rs. 2,000 crore
65. The largest coal producing state in India in 2010-11 was __: [A]Andhra Pradesh [B]Odisha [C]Jharkhand [D]Madhya Pradesh
66. Who heads the National Ministerial Committee under the Architecture for Cash Transfers? [A]Prime Minister of India [B]Finance Minister [C]Food and Consumer Affairs Minister [D]Deputy Chairman, Planning Commission
67. The population data of which year is used for sharing Central tax revenues with States? [A]1971 [B]1981 [C]1991 [D]2001
68. Saumitra Chaudhuri committee has been appointed to recommend revisions to : [A]Wholesale Price Index [B]Consumer Price Index [C]Index of Industrial Production [D]Housing Develoment Index
69. First state in India to pass a Food Security Act is ___: [A]Andhra Pradesh [B]Chhattisgarh [C]Odisha [D]Bihar
70. Which stock exchange launched first carbon-based thematic index “Carbonex” ? [A]MCX Stock Exchange (MCX-SX) [B]National Stock Exchange (NSE) [C]Bombay Stock Exchange (BSE) [D]United Stock Exchange of India
71. Kaushal Vikas Yojna is a scheme of which ministry? [A]Ministry of Human Resource Development [B]Ministry of Labour and Employment [C]Ministry of Panchayati Raj [D]Ministry of Social Justice and Empowerment
72. What is the share of ATMs operated by SBI and its five subsidiaries in the total ATMs in India? [A]44 per cent [B]49 per cent [C]54 per cent [D]59 per cent
73. Which company acquired 26 per cent stake in ONGC's Krishna Godavari basin deep-sea block? [A]Gazprom [B]Inpex Corporation [C]Petronas [D]ConocoPhillips
74. Too much import of Gold by India adversely affects: 1. Trade Balance 2. Current Account Balance 3. Capital Account Balance Choose the correct option from the codes given below: [A]1 & 2 [B]2 & 3 [C]1, 2 & 3 [D]1 & 3
75. On which among the following dates FERA was replaced by FEMA? [A]June 1, 2000 [B]June 11, 2000 [C]April 1, 2001 [D]April 1, 2002
76. The steel plants of Durgapur, Bhilai & Rourkela were set up under which among the following five year plans? [A]First Five Year Plan [B]Second Five Year Plan [C]Third Five Year Plan [D]Fourth Five Year Plan
77. In context with the “Aam Admi Bima Yojana” consider the following statements: 1. The scheme has been launched for landless households of rural as well as urban areas of the country 2. The insured person has to pay a nominal premium to avail benefits under this scheme 3. The “Premium Fund” of this scheme is managed by LIC of India 4. The scheme is not available to senior citizens Which among the above is/ are correct statements? [A]Only 1, 2 & 3 [B]Only 3 & 4 [C]Only 2, 3, & 4 [D]1, 2, 3 & 4
78. In which year, the Forward Contracts (Regulation) Act was enacted in India? [A]1950 [B]1952 [C]1962 [D] 1975
79. Which among the following is the regulator of the commodity market in India? [A]NCDEX [B]SEBI [C]Forward Market Commission [D] MCX
Indian Polity & Constitution
1. Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within __? [A]30 Days [B]60 Days [C]75 Days [D]90 Days
2. With reference to the Sindhi, Sanskrit and Kashmiri languages, which among the following statements is/ are correct? 1. All these languages have been included in the 8th Schedule of Constitution of India 2. All these languages are not the official languages of any state in India 3. All these languages are classical languages of India Choose the correct option from the codes given below: [A]Only 1 & 2 [B]Only 2 & 3 [C]Only 1 & 3 [D]1, 2 & 3
3. Which of the following were the first two states in India which established Panchayati Raj in 1956? [A]Rajasthan and Maharastra [B]Rajasthan and Andhra Pradesh [C]Rajasthan and Odisha [D]Rajasthan and Punjab
4. Which among the following is / are parts of Nagar panchayat? 1. Notified Area Committee 2. Town Area Committee 3. District Planning Committee Choose the correct option from the codes given below: [A]Only 1 & 2 [B]Only 2 & 3 [C]Only 1 & 3 [D]1, 2 & 3
5. Which among the following political party of India has an election symbol almost close to the election symbol of Republican Party of USA? [A]Samajwadi party [B]Bahujan Samaj party [C]Janta Dal (United) [D]Telugudesam Party
6. Via which among the following amendments of the Constitution, the territories of Goa, Daman & Diu were incorporated in the Indian Constitution? [A]Constitution (10th) Amendment Act 1961 [B]Constitution (12th) Amendment Act 1962 [C]Constitution (14th) Amendment Act 1962 [D]None of the above
7. The Vice President of India is elected by the electoral college consisting of the members of __: 1. Rajya Sabha 2. Lok Sabha 3. State Legislatures Choose the correct option from the codes given below: [A]Only 1 [B]Only 1 & 2 [C]Only 2 & 3 [D]Only 1 & 4
8. With respect to the President of India, which among the following statements is / are correct? 1. A person who has been president of India is eligible for immediate re-election 2. A person can not hold the office of president of India for more than two consecutive terms Choose the correct option from the codes given below: [A]Only 1 [B]Only 2 [C]Both 1 & 2 [D]Neither 1 nor 2
The second statement is not correct because President of India can be re-elected to office for any number of terms.
9. The power to vote money for public expenditure rests in India with ___: 1. Lok Sabha 2. Rajya Sabha 3. Legislative Assembly 4. Legislative Council Choose the correct option from the codes given below: [A]Only 1 & 2 [B]Only 1 & 3 [C]Only 1, 2 & 3 [D]1, 2, 3 & 4
The role of rajya sabha in parliament and legislative council in state with respect to money bills is immaterial.
10. Consider the following statements: 1. Deputy Speaker and Speaker may resign by writing to each other 2. Attorney General and Solicitor General may resign by writing to each other
Which among the above statements is / are correct? [A]Only 1 [B]Only 2 [C]Both 1 & 2 [D]Neither 1 nor 2
11. The President of India can nominate ___members in Lok Sabha and __ members in Rajya Sabha. [A]12, 2 [B]2, 12 [C]2, 10 [D]10, 2
12. The jurisdiction covering the Andaman and Nicobar islands falls under the supervision of __: [A]A circuit bench of the Bombay High Court at Port Blair [B]A circuit bench of the Madras High Court at Port Blair [C]A circuit bench of the Kolkata High Court at Port Blair [D]A circuit bench of Supreme Court of India at Port Blair
13. Jurisdiction of which among the following high courts covers the Union Territory of Lakshadweep? [A]Tamil Nadu High Court [B]Kerala High Court [C]Kolkata High Court [D]Bombay High Court
14. The number of judges can be altered in the Supreme Court by __: [A]Presidential Order [B]Parliament by Law [C]Supreme Court by Notification [D]Central Government by notification
15. How long a person should have practiced in a High Court to be eligible to be appointed as a Judge of Supreme Court of India? [A]10 Years [B]15 Years [C]12 Years [D]5 Years
16. Via which among the following amendments of the Constitution of India, Delhi was designated as National Capital Territory (NCT)? [A]63rd Amendment Act [B]69th Amendment Act [C]74th Amendment Act [D]76th Amendment Act
17. In India, a three tier Panchayat is envisaged for states which have a population above__: [A]15 Lakh [B]20 Lakh [C]25 Lakh [D]30 Lakh
18. With reference to the State Legislative Council in India, which among the following statements is / are correct? 1. The Legislative Council is a continuing House & two-third of the members retire in two years. 2. Members of local bodies elect one-third of the total number of members of the legislative council 3. If a state legislative council is to be created or abolished, a resolution to that effect is to be first passed by the State legislature by a two-third majority Choose the correct option from the codes given below: [A]Only 1 & 2 [B]Only 2 & 3 [C]Only 1 & 3 [D]1, 2 & 3
19. With reference to the executive power in a state in India, which among the following statements is / are correct? 1. Executive power of the state is vested in Governor 2. Real executive authority in a state is Council of Ministers 3. All executive decisions in a state are taken in the name of Chief Minister Choose the correct option from the codes given below: [A]Only 1 & 2 [B]Only 2 & 3 [C]Only 3 [D]1, 2 & 3
Third statement is not correct because executive decisions in a state are taken in the name of Governor.
20. A member of a State Public Service Commission can be appointed and removed respectively by __: [A]Governor, Governor [B]Governor, President [C]President, Governor [D]President, President
21. Who among the following can dismiss Governor of a state from his office? [A]State Legislative Assembly [B]Parliament [C]President [D]None of them
22. Which among the following state is not a part of the Eastern Zonal Council? [A]West Bengal [B]Bihar [C]Odisha [D]Assam
23. The current strength of judges in India's supreme court is 30. What is the maximum (sanctioned) strength of Supreme Court including the Chief Justice of India? [A]31 [B]33 [C]35 [D]30
24. Which among the following is the middle unit of Three Tier Panchayati Raj System? [A]Gram Panchayat [B]Panchayat Samiti [C]Zila Parishad [D] Gram Sabha
25. A National emergency on the grounds of security threat is proclaimed under which among the following articles? [A]Article 344 [B]Article 352 [C]Article 367 [D]Article 301
26. Which among the following committee was appointed by the government of India in 1986 to revitalize panchayati raj institutions for democracy and development ? [A]L.M.Singhvi Committee [B]G.V.K. Rao Committee [C]Ashok Mehta Committee [D]The Balwant Rai Mehta Committee
27. Which among the following is not true about the Notified Area Committee ? [A]It is an area which does not necessarily fulfill all the conditions for the constitution of the municipality [B]It is created in an area which is fast developing and where new industries are set up [C]All the members are appointed by the state government [D]Notified Area Committee is constituted by an act of legislatures
28. Which of the following commissions was formed in 1983 to recommend the relationship and balance of power between state and central governments? [A]Kalelkar Commission [B]Sarkaria Commission [C]Narendran Commission [D]Mandal Commission
Sarkaria Commission
29. According to the provisions of which article of the Indian Constitution that the Parliament can create a new all India service, if a resolution is passed by Rajya Sabha? [A]Article 315 [B]Article 312 [C]Article 320 [D]Article 345
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Pre Examination Training Programme for SC/ST/PH Candidates
for Written Examination for the post of Grade 'B' (DR)
Objective Type -- General Awareness
July 14, 2014
1. When Reserve Bank of India was established?
(A) 1935 (B) 1920 (C) 1928 (D) 1947 (E) 1951
2. The Reserve Bank of India was nationalized in?
(A) 1947 (B) 1949 (C) 1950 (D) 1956
(E) 1935
3. Which of the following has the sole right of issuing paper Currency/Bank notes in India?
(A) Union Government (B) Reserve Bank of India (C) Ministry of Finance (D) Supreme Court
(E) Currency Note Presses
4. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
(A) Reserve Bank of India (B) Imperial Bank of India (C) Bank of India (D) Union Bank of India
(E) United Bank of India
5. Which is the largest commercial bank in India?
(A) Reserve Bank of India (B) State Bank of India (C) ICICI Bank (D) Bank of India
(E) HDFC Bank
6. Which of the following is known as plastic money?
(A) Bearer Cheques (B) Credit Cards (C) Demand Drafts (D) E-money
(E) Laminated Term Deposit Receipts
7. In India, income tax is levied by:
(A) Union Government (B) State Governments (C) Ministry of Finance (D) RBI
(E) Revenue Secretary
8. When did Regional Rural Banks start functioning in India?
(A) 1975 (B) 1947 (C) 1956 (D) 1960
(E) 1951
9. Decision taken at Bretton Woods Conference led to the formation of
(A) IDA (B) IMF (C) ADB (D) IFC
(E) RBI
10.The World Development Report is released by which of the following Organizations ?
(A) UNESCO (B) ADB (C) IMF (D) International Bank for Reconstruction & Development
(E) Reserve Bank of India
11. Euro is the currency of European Union. When did it come into being?
(A) 1999 (B) 1995 (C) 2000 (D) 2001
(E) 2005
12. The Central Banking functions in India are performed by
(A) Central Bank of India
(B) Reserve Bank of India
(C) State Bank of India
(D) Bank of India
(E) Union Government
13. The Income Tax Act is going to be replaced by:
(A) Indian Finance Act, 2008 (B) The Direct Tax Act (C) The Indian Taxation Code (D) The Direct Taxes Code
(E) Income Tax Act, 1961
14. World Intellectual Property Day is observed on which of the following dates?
(A) April 20
(B) April 21
(C) April 22
(D) April 26
(E) None of these
15. Which of the following personality is a very well known name in the field of Banking in India?
(A) Smt Sumitra Mahajan
(B) Ms. Kiran Mazumdar Shaw
(C) Mr. Arun Jaitley
(D) Shri Raghuram G. Rajan
(E) All of above
16. Who is known as the 'Father of Economics'?
(A) Adam Smith
(B) Chanakya
(C) Machiavelli
(D) William T. Dickens
(E) Dr. Amartya Sen
17. Who has been elected as the next Director General of the World Trade Organisation (WTO) recently?
(A) Pascal Lamy
(B) Tim Groser
(C) Taeho Bark
(D) Brazil's Roberto Carvalho de Azevêdo
(E) None of these
18. Which of the following is NOT a part of India's Money Market?
(A) Bill Markets (B) Call Money Market (C) Banks (D) Mutual Funds (E) Indian Gold Council
19. Which of the following commissions set up by the President of India decides the distribution of tax incomes between the Central Government and State Governments. ?
(A) Central Law Commission (B) Pay Commission for Govt. Employees (C) Administrative Reforms Commission (D) Planning Commission (E) Finance Commission
20. Gilt-edged market means
(A) Bullion market
(B)Market of government securities
(C)Market of guns
(D) Market of pure metals
(E) Stock Market
21. Service Tax was introduced in India for the first time in the year ……….
(A) 1990-91 (B) 1991-92 (C) 1994-95 (D) 1980-81 (E) 2000-01
22. Which of the following taxes is not levied by the Union Govt.?
(A) Customs (B) Corporate Tax (C) Land Revenue (D) Income Tax (E) Surcharge on Income Tax
23. Many Banks have already adopted / launched “Core Banking Solution (CBS)” .Core Banking Solution is—
(A) marketing strategy adopted by the Banks
(B) new type of ATM useful for rural population
(C) delivery channel for quick and fast delivery
(D) new product launched to help senior citizens only as they are not able to visit branches / ATMs frequently
(E) None of these
24. A Rs. 50 note with a * (star) in the number panel between the prefix and the serial number indicates that _________? (A)This note has special security features (B)This note was printed in a press outside India (C)This note was printed by RBI to replace a defectively printed banknote (D)This note is printed on international quality paper (E)All of above
25. The Reserve Bank of India (RBI) keeps on modifying various rates / ratios to keep the flow of liquidity in the market in a balanced situation. Which of the following rates/ratios/indexes is NOT directly controlled by the RBI?
(A) Cash Reserve Ratio (CRR)
(B) Bank Rate
(C) Repo Rate
(D) Reserve Repo Rate
(E) Wholesale Price Index (WPI)
26. New Rupee Symbol of India or Indian Rupee Symbol designed by:
27. Which of the following cannot be called as a value Added service offered by a Bank?
(A) Special accounts for poor sections of the society
(B) Accident insurance cover
(C) Instant Credits of Outstation Cheques
(D) Free cheque book
(E) All are value Added services
28. Opening the Saving Bank Account of a minor girl will be called as which of the following in banking terminology?
(A) Retail Banking
(B) Merchant Banking
(C) Institutional Banking
(D) Social Banking
(E) Corporate Banking
29. Department of External Investments and Operations" falls within the ambit of which of the following?
(A) Reserve Bank of India
(B) Ministry of External Affairs
(C) Ministry of Commerce & Industry
(D) Ministry of Finance
(E)None of these
30. Which amongst the following Abbreviations stands for organization related to Indian space programme?
(A) NASA (B) ISO (C) ISRO (D) NSAT
(E) INTRANET
31. In banking ATM stands for
(A) Automated Tallying Machine (B) Automated Teller Machine (C) Automated Totalling Machine (D) Automated Transaction of Money
(E) Anti-Terrorism Mechanism in Banking
32. SDR, the currency of the IMF, is in the form of
(A) Paper Currency (B) Gold (C) Silver and Gold both (D) Book keeping entry only
(E) All of these
33. The import of which of the following has raised the Current Account Deficit of India by about 77 %?
(A) Oil
(B) Gas
(C) Sugar
(D) Food grain
(E) None of these
34. Which of the following group of States is the largest producer of tea?
(1) West Bengal, Tamil Nadu, Himachal Pradesh (2) Karnataka, Uttar Pradesh, Rajasthan (3) Assam, Bihar, Jharkhand (4) West Bengal, Assam, Karnataka
(5) Jharkhand, Chhattisgarh, Uttarkhand
35. The term 'epicenter' is associated with
(A) Earthquakes (B) Tornadoes (C) Cyclones (D) Earth's interior
(E) Centre of the Earth
36. The speed of light ________with the rise in the temperature of the medium (A) Increases (B) Decreases (C) Remains unaltered (D) Drops sharply
(E) Zoom Sharply
37. The gas predominantly responsible for global warming is (1) Carbon dioxide (2) Carbon monoxide (3) Nitrous oxide (4) Nitrogen peroxide
(5) hydrozen
38. Electric current is measured by (1) Voltmeter (2) Anemometer (3) Commutator (4) Ammeter
(5) Ohmmeter
39. Federal Reserve is the Central Bank of—
(A) Britain
(B) U.S.A.
(C) Japan
(D) Canada
(E) China
40. Who decides on the quantity of coins to be minted?
(A) Reserve Bank of India on the basis of indents received from Commercial banks
(B) The Government of India on the basis of indents received from the RBI.
(C) Ministry of Finance, Government of Maharastra
(D) India Government Mint (Security Printing and Minting Corporation of India Ltd.
(E) Finance Minister, Government of India
41. Rupee coins issued in the country constitute the liabilities of:
(A) Reserve Bank of India
(B) Government of India
(C) India Government Mint
(D) President of India
(E) All the State Governments
42. Who appoints the Chief Election Commissioner of India? (1) President (2) Prime Minister (3) Parliament (4) Chief Justice of India
(5) Speaker of the Lok Sabha
43. The General Budget is presented in the parliament normally in the month of
(A) January (B) February (C) June (D) Last month of the year
(E) September
44. Sellers' market denotes a situation where
(A) Commodities are available at competitive rates (B) Demand exceeds supply (C) Supply exceeds demand (D) Supply and demand are equal
(E) There are only sellers in the Market
45. Development means economic growth plus
(A) Inflation (B) Deflation (C) Price stability (D) Social change
(E) Recession
46. Which of the following terms NOT used in Banking Sector?
(A) SLR
(B) NPA
(C) Credit Rating
(D) Fixed
(E) PURA
47. Banking Sector will fall under which of the following sectors?
(A) Agriculture Sector
(B) Service Sector
(C) Manufacturing
(D) Industrial Sector
(E) None of these
48. An account in which trading of shares in their electronic form is done is known as—
(A) Demat Account
(B) NRI Account
(C) NRIO Account
(D) Current Account
(E) None of these
49. 'Open Market Operation ' is a part of (A) Income Policy (B) Fiscal Policy (C) Monetary Policy (D) Labour Policy
50. What is India's rating in the “Doing Business Report” prepared by the World Bank?
(A) 55th
(B) 80th
(C) 100th
(D) 120th
(E) None of these
51. Who has been recently appointed as Chief Executive Officer (CEO) of Infosys ?
(A) A.K. Dubey
(B) Vishal Sikka
(C) Zeid Ra'ad Zeid al Hussein
(D) Nandan Nilekani
(E) None of these
52. Who has been recently appointed as the Solicitor General of India ?
(A) Ranjit Kumar
(B) Ashok Ganguli
(C) Subramaniam Swamy
(D) Ravi Shankar Prasadi
(E) None of these
53. Who has been recently sworn‐in as the first Chief Minister of Telengana, which became the 29th state of Indian Union?
(A) Narayan D. Rao
(B) K. Radhakrishnan
(C) Chandrashekhar Rao
(D) Chandan B. Rao
(E) None of these
54. Who has been recently appointed as the 14th Attorney‐General of India.?
(A) Ajit Kumar
(B) Kapil Shibal
(C) Arun Kumar Singh
(D) Mukul Rohatgi
(E) None of these
55. Which Nation has Prime Minister Narendra Modi made his first foreign tour to?
(A) Bangladesh
(B) Nepal
(C) Bhutan
(D) Pakistan
(E) Afghanistan
56. Who has been topped the Forbes annual list of Most Powerful Women 2014 in the world ?
(A) Ms. Angela Merkel, German Chancellor
(B) Ms. Indian born Indra Nooyi, Chief of Pepsico,
(C) Ms. Padmasree Warrior, Chief Technology and Strategy Officer of Cisco
(D)Ms. Arundhati Bhattacharya, State Bank of India Chairperson
(E) Ms. Kiran Mazumdar‐Shaw, Biocon founder
57. Who has been finally asserted by the Central Government to be appointed as the next Army Chief?
(A) Lt.Gen. Dalbir Singh Suhag
(B) Lt.Gen. V. K. Singh
(C) Lt.Gen. H. K. Soni
(D) Lt.Gen. H. K. Chibbar
(E) Lt.Gen. Arun Kumar Singh
58. Who has recently took oath as the first chief minister of the residuary state of Andhra Pradesh?
(A) Chandrababu Naidu
(B) Prof CNR Rao
(C) Chandrashekhar Rao
(D) Hanumant Rao
(E) None of these
59. Who was chosen for the 49th Jnanpith award for 2013 ?
(A) Late Khusbant Singh, English Novelist and Short Story writer
(B) Vikash Saikia, Asamese Poet
(C) Mahasweta Devi, Bengali Novelist
(D) Hindi poet Kedarnath Singh
(E) None of these
60. Which Country / Company has recently issued an exclusive legal tender gold coins in honour of Sachin Tendulkar?
(A) UK firm East India Company
(B) Google.Co.in
(C) India
(D) West Indies
(E) Bitcoin Ltd.
61. Reserve Bank of India has recently announced and permitted the residents and non‐residents, (except Pakistanis and Bangladeshis) to carry up to ……………….. in Indian currency notes while leaving the country.
(A) Rs.25,000
(B) Rs.10,000
(C) Rs.15,000
(D) Rs.7,500
(E) Rs.10,000
62. Which Chief Minister as a pioneering move has announced 33 per cent reservation for women in the police force ?
(A) Ms. Anandiben Patel, Chief Minister of Gujarat
(B) Shri Jitan Ram Manjhi Chief Minister of Bihar.
(C) Ms. Mamta Banerjee, Chief Minister of West Bengal
(D) Tamil Nadu Chief Minister Jayalalithaa
(E) Vasundhara Raje, Chief Minister of Rajasthan
63 The fiscal deficit in 2013‐14 stood at …….
(A) 4.5% of GDP
(B) 4.6% of GDP
(C) 5.1% of GDP
(D) 3.5 % of GDP
(E) 6 % of GDP
64. Which Country was the top source of foreign direct investment into India?
(accounting for about 25 per cent of FDI inflows) in 2013‐14?
(A) Singapore
(B) Mauritius
(C) United States
(D) China
(E) Germany
65. Who has been selected for the 45th Dadasaheb Phalke Award 2013 by Union Government?
(A) Madhuri Dixit, Actress
(B) Dilip Kumar, Actor
(C) Zoya Akhtar, Actress
(D) Vijay Seshadri, legendary poet
(E) Gulzar, legendary poet and film lyricist
66. Who has recently taken over as the 22nd Chief of Indian Navy ?
(A) Admiral Robin K Dhowan
(B) Admiral DK Joshi
(C) Admiral R. Gandhi
(D) Admiral V. K. Malhotra
(E) Admiral A. K. Singh
67. Who has recently taken over as the new Chief Information Commissioner (CIC)..
(A) Shri Rajiv Mathur
(B) Ms. Sushma Singh
(C) Justice S. K. Mishra
(D) Chief Justice R.M. Lodha
(E) Justice P. Sathasivam.
68. Who was sworn‐in as the pro-tem Speaker of 16th Lok Sabha ?
(A) Shri Kamal Nath, leader of Congress party
(B) Mrs. Sushma Swaraj of BJP
(C) Mrs. Sumitra Mahajan of BJP
(D) Ms. Meira Kumar of Congress
(E) Shri L. K. Advani
69. Recently i.e., in 2014, only two of the 25 applicants, got banking licenses for Private Sector banks from RBI ?
(A) IDFC Ltd and Bandhan Financial Services Pvt Ltd
(B) Tata Communications Payment Solutions Limited (TCPSL) and Apeejay Finance Limited
(C) Reliance Capital and Value Industries Ltd
(D) India Posts and Capital Corporation of India
(E) Larsen & Toubro Finance and Tata Sons Ltd
70. Who won the Pritzker Architecture Prize 2014 ?
(A) Japanese architect Shigeru Ban
(B) Paul Steelman, USA
(C) Hafiz Contractor
(D) Ken Yeang, Malaysia
(E) Gert Wingardh, Sweden
71. Which committee had suggested in its report for inflation targeting in India?
(A) Urjit Patel committee
(B) Nachiket Mor Committee
(C) H. R. Khan Committee
(D) Damodaran Committee
(E) Malegaon Committee
72. Who was recently appointed as the third CEO of Microsoft firm ?
(A) Steve Ballmer
(B) Satya Nadella
(C) Bill Gates
(D) N. R. Narayanmurthi
(E) None of the above
73. P V Sindhu is associated with which of the following games?
1) Tennis
2) Badminton
3) Golf
4) Shooting
5) Wrestling
75. For the effective implementation of policies and programmes chartered out in the 12th Five Year Plan, Planning Commission has come out with a new initiative, IBIN. What is the full form of the same?
1) India Backbone Initiative Network
2) India Broader Implementation Network
3) India Backbone Implementation Network
4) India Broad-based Implementation Norms
5) None of these
76. Ms Shakuntala Devi passed away in 2013 at a Bangaluru hospital following respiratory problems. She was a distinguished ______.
1) Mathematical genius
2) Sitar Maestro
3) Classical Dancer
4) Social Activist
5) None of these
77. The Shapoorji Pallonji Group has announced to buy a majority stake in the USD 200-million Lux International gaining access to Europe and Africa. Lux is a 110-year-old company based in
1) Spain
2) Switzerland
3) France
4) Italy
5) None of these
78. Sunil Bharti Mittal has been elected as the Vice-Chairman of the International Chamber of Commerce recently. Who amongst the following has been elected as the chairman of ICC?
1) Harold McGraw III
2) Gerard Worms
3) Rajan Bharati Mittal
4) Victor K Fung
5) None of these
79. Name the female voice behind hit Hindi songs like 'Mere Piya Gaye Rangoon', 'Kabhi Aar Kabhi Paar' and 'Kajra Mohabbat Wala', the legendary singer of Hindi film industry, who died in 2013.
1) Salma Aagha
2) Noor Jahan
3) Shamshad Begum
4) Suraiya Jamaal Sheikh
5) None of these
80. The 6th Edition of Wireless, Mobile Networking Conference 2013 was held at which of the following cities recently?
1) Dubai
2) Manama
3) Manila
4) Kuala Lumpur
5) None of these
Below are some important points you should know about New Development Bank (NDB) / BRICS Bank.
NDB – Important Points to Know
- NDB was formed on 15th July 2014
- It is a proposed multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa).
- This bank will be headquartered inShanghai, China.
- This is an alternative to the existing World Bank and International Monetary Fund.
- India to Be the First President of BRICS Development Bank (for 6 years).
- The inaugural Chairman of the Board of directors will come from Brazil.
- The inaugural chairman of the Board of Governors will be Russian.
- The bank will have an initial authorised capital of USD 100 billion.
- The initial subscribed capital shall be of USD 50 billion to be equally shared by the founding-members.
is admission letter for rbi uploaded? Puys
General awareness ques, related to RBI & Banks, are very much welcome here...keep posting puys.
Is RBI grade B Admit cards are avilable now?
Hi everyone ,If I am not wrong ,I saw that exam was on 17th august ?? ...Isn't it ?
But now I have seen date 2/3/9/10 august ... I filled my centre at Mumbai ...I afraid that because on 2/3 I will not be here as have some project work .9/10 august is okay for me .I am little panicked on anticipation of admit card after knowing this fact.
On what basis they distribute date to people ? ...Please anyone explain ?? ..I filled my form a day before last date .
Also ,Is it any chance of postpone of exam due to Rakhi as I read somewhere here at PG that might be chance of delay lies here.